Xinjiang Determines Textile And Clothing Income Tax 50% Subsidy To Enterprises

As an important event of the fourth China Asia Europe Expo, the 2014 China Fashion convention hosted by the Ministry of industry, the China Textile Industry Federation and the the Xinjiang Uygur Autonomous Region people's government opened in Urumqi on the 4 th.

Huang Wei, member of the Standing Committee and vice chairman of the autonomous regional party committee, said that the central and autonomous regions will gradually introduce and refine a series of policies and measures to vigorously support the development of Xinjiang's textile and garment industry.

Huang said that the autonomous region will attract more mainland textile and garment enterprises to join the Xinjiang through building "policy depression" and "electricity price depression", and will lead the development of local textile and garment enterprises in Xinjiang, thereby promoting the development of Xinjiang's textile and garment industry and better solving the employment problem.

Liang Yong, deputy director of the Information Technology Commission, said that the autonomous region promulgated in July, including the establishment of a scale of about 20 billion yuan.

There are ten policies to support the development of textile and garment industry, including special funds.

As the main responsible department, it has been over one month after being appointed by the letter Committee.

Xinjiang textile and garment enterprise income tax 50% has been determined to be subsidized to enterprises at present. The electricity price has been reduced to 0.35 yuan / degree, which is 50% cheaper than that of the mainland textile industry. The northern Xinjiang cotton tariff has been raised from 700 yuan / ton to 800 yuan / ton. The Southern Xinjiang cotton tariff has been pferred from 700 yuan / ton to 1000 yuan / ton; the procurement of fabrics from the mainland has been subsidized by 2% of the purchase amount; the new employees recruited by the textile and garment enterprises have been funded by the government, and the training fees have been changed from the original supply training institutions to the direct subsidy enterprises; meanwhile, the social security enterprises of the newly recruited Xinjiang employees are partly subsidized by the government by 50%.

As a leading textile and clothing enterprise in Xinjiang, Tianshan textile said that the above preferential policies are beneficial to the company, especially the electricity price policy. The original electricity price of the company is 0.5 yuan / degree, and now it is reduced to 0.35 yuan / degree.

At the same time, the cashmere and wool used by the company also enjoy the same subsidy as cotton yarn.

Tianshan textile has learned from this clothing conference that the government of the autonomous region is coordinating the acceleration of the opening of international freight trains, and will open a special train to Germany in September, which will arrive in 10-12 days.

The main market of the company is in Europe, and will consider changing from air pportation to railway pportation, reducing the cost and increasing efficiency.

The chairman of the company, Wu Xian Zhang, said recently that the autonomous region has promulgated the "outline for developing the textile and garment industry to promote employment plan" (2014-2023 years). It is proposed that by 2023, the gross output value of textile and garment industry will reach 212 billion 500 million yuan. As an old enterprise focusing on the Xinjiang wool textile industry for 34 years, Tianshan textile will closely grasp the historical opportunity of the state to support Xinjiang vigorously developing the textile and garment industry, invite famous international organizations to comb the company's brand, integrate marketing channels, and gradually peel off auxiliary industries, so as to make the wool textile plate "light up to the battle array" and speed up the race.

It is understood that this is the first time that the Chinese clothing convention has been held outside the city of Beijing. This "moving" border town Urumqi aims to lead the domestic textile and garment industry elites to explore the forefront issues of the industry while understanding the central government's support for Xinjiang's preferential policies for developing the textile and garment industry. Relying on Xinjiang to open up Central Asia and even the European market under the background of building the Silk Road Economic Belt,